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Partially controlled demand and inventory control: An additive model

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  • Yves Balcer

Abstract

The primary goal of this paper is to establish properties of the inventory and advertising policy minimizing the expected discounted cost over a finite horizon in a dynamic nonstationary inventory model with random demand which is influenced by the level of goodwill. Under linearization of the cost associated with the maximum inventory and the advertising effect on demand, the model is shown to be equivalent to an inventory model with disposal. Many results of this paper are extended to cover convex ordering cost of inventory and time lag in delivery of stocks.

Suggested Citation

  • Yves Balcer, 1980. "Partially controlled demand and inventory control: An additive model," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 27(2), pages 273-288, June.
    • Handle: RePEc:wly:navlog:v:27:y:1980:i:2:p:273-288
    DOI: 10.1002/nav.3800270211
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    Cited by:

    1. Tunuguntla, Vaishnavi & Basu, Preetam & Rakshit, Krishanu & Ghosh, Debabrata, 2019. "Sponsored search advertising and dynamic pricing for perishable products under inventory-linked customer willingness to pay," European Journal of Operational Research, Elsevier, vol. 276(1), pages 119-132.
    2. Dana, James D, Jr, 2001. "Competition in Price and Availability When Availability is Unobservable," RAND Journal of Economics, The RAND Corporation, vol. 32(3), pages 497-513, Autumn.

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